Dec 4, 2012 9:20am EST
at wynn macau casinos. i guess that wynn stock is going to be down? nicole: you are right. we're seeing the stock down nearly 4% here. this is not good news for them overall. basically china's new leadership cracking down on fast money moving. they are going to set rules where you can't -- restrict the limits on how much money can actually be taken out of the country. there are a lot of new rules that would be put in place. all of it is obviously for responsible gambling, but it seems to be a lot deeper than that. stuart: i've been to that casino in macau. i mean totally different from anything you will ever see on the strip in las vegas. i mean it is really really different. i will get to that a bit later. david: yeah, we're all interested in that story. stuart: i don't gamble. david: man oh man. [laughter] stuart: moving along, republicans counteroffer to president obama's solution to the fiscal cliff yesterday with a plan of 800 billion dollars in new revenue from tax reform, not from higher tax rates. plus, about a trillion dollars in spending cuts. speaker john boehner said the pre
Nov 30, 2012 11:00pm EST
in steve wynn. how about john in california? >> caller: boo ya, jim. my question is double down on barnes & noble right now? >> no. i went over that with a fine tooth comb. a lot of people didn't like the book basis. unfortunately those guys i love them they are a temple of sector learning you can't own the stock. illinois, charlie. >> caller: boo ya, jim, from central illinois. >> heartland. what's going on there? >> caller: well, i wanted to thank you for your excellent presentations scaling in and out of stock transactions. last friday it was very good. i'm interested in scaling into rentech nitrogen. >> with that good yield i think you're taking the appropriate action. i do want to scale into it. i think it's very attractive here. kevin in north carolina. kevin >> caller: yes, jim, a big boo ya to you. calling in about applied materials. >> oh, boy. all right, mr. tar heel. that's got a 3.5% yield. sell it because i don't think it's got anything cooking. laura in new york. laura. >> caller: hi, jim, it's laura from new york. how are you? >> how are you, laura? >> caller: good, thanks.